Latest Articles about Economics

The Impact of SOE Reform On Chinese Overseas Investment

Chinese President Xi Jinping’s new round of state-owned enterprise (SOE) reform and his anti-corruption campaign will dramatically change the preferences and performance of SOEs’ overseas economic expansion. The economic and political initiatives undertaken by Xi meet in the state sector, as the Chinese government is... MORE

Kremlin Renews Bid to Quietly Dissolve North Caucasus Republics

In December 2014, Russian legislators quietly passed new legislation that allows Moscow to remove part of the region from under the control of that region’s government in order “to speed up socio-economic development” in the North Caucasus republics. As a Dagestani analyst Rasul Kadiev points... MORE

Rosneft Expands Its Presence in South Caucasus Via Georgia

Late in 2014, Russian state oil company Rosneft acquired 49 percent of the Georgian company Petrocas Energy Group, which owns a strategically important oil terminal at the port of Poti and Georgia’s most extensive network of gas stations, branded as Gulf (Rosneft.com, December 29, 2014).... MORE

Uzbekistan’s Unrealized Potential in Cross-Border Trade

Uzbekistan is conveniently located at the center of Central Asia and borders on all Central Asian countries as well as Afghanistan; moreover, it lies in relatively close proximity to the various prodigiously developing markets of Asia. Nonetheless, Uzbekistan has been slow to embrace or champion... MORE

Russian Expert Warns North Caucasus Faces Economic Recession

“No money in the federal budget [of the Russian Federation means] no happiness in the republics of the North Caucasus,” Russian economic geographer Natalya Zubarevich told the Kavkazsky Uzel website. According to the expert, from January to October 2014, the North Caucasus republics received the... MORE

Kyrgyzstan Draws Closer to Eurasian Union Amid Crisis in Russia

On January 1, 2015, Russia, Kazakhstan and Belarus, along with Armenia, co-launched the Eurasian Economic Union (EEU). The founding treaty of this economic bloc?whose genesis is widely attributed to Kazakhstani President Nursultan Nazarbayev, although it has become the key focus of Vladimir Putin’s foreign policy... MORE